PAG
Penske Automotive Group, Inc.
PAG's fundamentals are mixed, but it looks expensive: trading at 16x earnings, above its usual 10x. Analysts expect earnings growth.
PAG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Healthy |
PAG's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is under pressure.
PAG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.1x | $97.13 | -54% |
| Fair | 9.9x | $136 | -36% |
| Expensive | 12x | $168 | -21% |
| Forward | 15x | $213 | — |
| Current | 16x | $213 | — |
Historical ranges are pointers, not guarantees.
PAG's PE is in its expensive range at 16x. On analysts' estimates for next year's earnings, today's price would be 15x.
PAG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect PAG's earnings to grow, with its revenue and profitability holding steady.
PAG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.91 | +1.4% |
| Q3 2026 | $13.71 | -3.5% |
| Q2 2026 | $13.58 | -5.4% |
| Q1 2026 | $13.40 | -5.6% |
| Q4 2025 | $13.50 | -1.7% |
| Q3 2025 | $14.20 | +8.6% |
| Q2 2025 | $14.36 | +5.6% |
| Q1 2025 | $14.19 | -1.5% |
| Q4 2024 | $13.74 | -11% |
PAG's earnings per share have fallen from their peak: $13.71 over the past year, against $18.55 in late 2022.
PAG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.4B | +9.4% |
| Q2 2026 | $8.5B | +11% |
| Q1 2026 | $7.9B | +3.4% |
| Q4 2025 | $7.8B | +0.6% |
| Q3 2025 | $7.7B | +1.4% |
| Q2 2025 | $7.7B | -0.4% |
| Q1 2025 | $7.6B | +2.1% |
| Q4 2024 | $7.7B | +6.2% |
PAG's revenue has grown year over year for five quarters in a row: $8.4B last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | -0.3 points |
| Q2 2026 | 4% | -0.6 points |
| Q1 2026 | 3.7% | -0.5 points |
| Q4 2025 | 4.1% | -0.2 points |
| Q3 2025 | 3.9% | -0.3 points |
| Q2 2025 | 4.5% | +0.2 points |
| Q1 2025 | 4.2% | -0.3 points |
| Q4 2024 | 4.3% | +0.7 points |
PAG's operating margin was 3.6% last quarter, about level with the same quarter a year ago.
PAG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $223.3M | -26% |
| Q2 2026 | $131.8M | +11% |
| Q1 2026 | $152.4M | -26% |
| Q4 2025 | $25.1M | -81% |
| Q3 2025 | $300.4M | +58% |
| Q2 2025 | $118.9M | -13% |
| Q1 2025 | $206.1M | -42% |
| Q4 2024 | $131.6M | +$163.4M |
PAG still generates free cash flow, though less than at its 2021 peak: $533M over the past year.
PAG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -60K shares |
| 1 year | -0.5% | -356K shares |
| 3 years | -2.4% | -1.6M shares |
| 5 years | -17% | -13.8M shares |
| Available history | -20% | -16.8M shares |
PAG has 66M diluted shares, down 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $26.3M |
| Q4 2025 | $40.1M |
| Q3 2025 | $7.8M |
| Q2 2025 | $71.3M |
| Q1 2025 | $39.9M |
| Q4 2024 | $600,000 |
PAG spent $66M buying back its own shares over the past year, down 44% from the year before.
PAG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.0x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.2x | Healthy |
PAG's net debt is about 1.6 years of its operating earnings (EBITDA), up from a year a year ago.
PAG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.1 | Neutral |
| Stochastic | 66.3 | Neutral |
PAG's weekly RSI is 61 (neutral) and its Stochastic is 66 (neutral).
PAG PE vs Consumer Cyclical Sector
| Metric | PAG | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 14% below |
| PE % | 97 | 47 | 50 pts above |
PAG is trading at 16x earnings, a 14% discount to the Consumer Cyclical sector's median of 18x.
PAG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $209.0 | 2% above |
| 20 week MA | $210.1 | 1.5% above |
| 50 week MA | $182.0 | 17% above |
| 100 week MA | $173.6 | 23% above |
| 200 week MA | $163.6 | 30% above |
PAG is in an uptrend: it's above all five of its weekly moving averages, and 30% above its 200-week average.
PAG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.7 | $57.7 | +14% |
| 2021 | $57.7 | $102.9 | +78% |
| 2022 | $102.9 | $112.3 | +9.2% |
| 2023 | $112.3 | $160.5 | +43% |
| 2024 | $160.5 | $155.1 | -3.3% |
| 2025 | $155.1 | $165.6 | +6.7% |
| 2026 YTD | $165.6 | $213.3 | +29% |
PAG has finished higher in five of the last six years. It's up 29% so far in 2026.